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    Property profile & analytics

    1910 Government St Mobile, AL 36606

    • Retail space
    • 5,880 SF
    • 0.24 lot acres
    For Sale
    View listing
    $450,000
    Last Sale
    Aug 06, 2025
    $385,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0560263
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • LUSH - Home Garden Event / Gift Basket Store / Wedding Store
    • Lush Home And Garden / Florist

    Property Details for 1910 Government St

    Year built
    1978
    Lot size
    0.24 lot acres
    Property size
    5,880 SF
    Property type
    Retail space
    APN
    29 10 21 3 000 031.XXX
    APU
    2910213000031XXX

    Description

    This exceptional 5,880 sq ft commercial property, located at 1910 Government St in Mobile, Alabama, presents a unique investment opportunity. Situated on two major thoroughfares, Government and Airport Boulevards, this single-story, 1978-built building boasts high visibility and significant road traffic, ideal for attracting customers. The property features two high-viability storefronts, each with ample parking. Inside, you'll find 5,880 sq ft of versatile space, including two walk-in coolers, three restrooms, several offices, a large warehouse area, a classroom, and a spacious showroom. The 14' ceilings and one dock-high door add to the functionality. Previously a floral and home décor store, the layout allows for flexible configuration, suitable for various mixed-use retail kiosks, luxury boutiques, retail spaces, classrooms, cafes, or corporate offices. The property sits on a 10,526 sq ft lot surrounded by established businesses, ensuring a thriving commercial environment. Recent updates include a new roof. The asking price is $475,000 ($80.78/sq ft), with an occupancy date of October 31, 2024. The property is zoned commercial. All information should be verified by the buyer.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $375,000
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $429,000
      Market price range: $243k - $922k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0848
    Latitude
    30.6771
    CBSA code
    33660
    CBSA name
    MOBILE, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,968
    $12,060
    $49,600
    $61,660
    -
    $60,300
    $248,000
    $308,300

    Comparable in this City

    • Value Estimation by Request
      1.81 Acres

      Airport Blvd

      Individual retail properties • 1.81 Acres
      0 Airport Blvd, Mobile, AL 36606
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    • Value Estimation
      $285,000
      2,106 SF

      414 Dauphin Is Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 2,106 SF
      414 Dauphin Is Pkwy, Mobile, AL 36606-1226
      View Details
    • Value Estimation by Request
      10,764 SF

      1805 Duval St

      RETAIL STORES (PERSONAL SERVICES) • 10,764 SF
      1805 Duval St, Mobile, AL 36606-1147
      View Details
    • Value Estimation
      $495,000
      6,041 SF

      14 Midtown W Park

      RETAIL STORES (PERSONAL SERVICES) • 6,041 SF
      14 Midtown W Park, Mobile, AL 36606-4148
      View Details
    • Value Estimation
      $410,000
      9,960 SF

      3250 Pleasant Vly Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,960 SF
      3250 Pleasant Vly Rd, Mobile, AL 36606-2712
      View Details
    • Value Estimation by Request
      3,898 SF

      2202 Government St

      RETAIL STORES (PERSONAL SERVICES) • 3,898 SF
      2202 Government St, Mobile, AL 36606-1605
      View Details

    Similar Nearby for Sale

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      Prime Commercial Opportunity in Mobile

      Two commercial lots with B3 zoning in high-traffic area.
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      Retail property for sale with redevelopment potential in Mobile, Alabama.
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    • New
      $199,000
      0.19 Acres

      Mobile, AL Business Opportunity

      Property suitable for business, office, or retail in Mobile, AL.
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    Similar Nearby for Lease

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      Versatile Space on Government Street

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      View Details
    • Contact for pricing
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      Retail Space Near Bel Air

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    • $850 /Mo
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      2755 Pleasant Valley Rd, Mobile, AL 36606
      View Details
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    1910 Government St
    Mobile, AL 36606
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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